Days Inventory is also known as Days Sales of Inventory (DSI). Mesa Air Group's Average Total Inventories for the
three
months ended in Sep. 2023 was $29.0 Mil. Mesa Air Group's Cost of Goods Sold for the
three
months ended in Sep. 2023 was $120.1 Mil.
Hence, Mesa Air Group's Days Inventory for the
three
months ended in Sep. 2023 was 22.03.
The historical rank and industry rank for Mesa Air Group's Days Inventory or its related term are showing as below:
MESA'
s Days Inventory Range Over the Past 10 Years
Min: 9.87 Med: 14.29 Max: 21.15
Current: 20.7
During the past 13 years, Mesa Air Group's highest Days Inventory was 21.15. The lowest was 9.87. And the median was 14.29.
MESA's Days Inventory is ranked worse than 68.51% of 778
companies
in the Transportation industry
Industry Median: 11.41
vs MESA: 20.70
Mesa Air Group's Days Inventory
increased
from Sep. 2022 (20.52) to Sep. 2023 (22.03).
It might indicate that Mesa Air Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Mesa Air Group's Inventory Turnover for the
three
months ended in Sep. 2023 was 4.14.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Mesa Air Group's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 0.25.
Mesa Air Group Days Inventory Historical Data
The historical data trend for Mesa Air Group's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Mesa Air Group's Days Inventory
For the Airlines subindustry, Mesa Air Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mesa Air Group's Days Inventory Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Mesa Air Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Mesa Air Group's Days Inventory falls into.
Mesa Air Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Mesa Air Group's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mesa Air Group (NAS:MESA) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Mesa Air Group's Inventory Turnover for the
three
months ended in Sep. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Mesa Air Group's Inventory to Revenue for the
three
months ended in Sep. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Mesa Air Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Mesa Air Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Mesa Air Group (Mesa Air Group) Business Description
Mesa Air Group Inc is a regional air carrier providing scheduled passenger service. It provides scheduled passenger service to 129 cities in the District of Columbia, the Bahamas, and Mexico, as well as cargo services out of Cincinnati/Northern Kentucky International Airport. Flights are operated as American Eagle, United Express, or DHL Express flights to the terms of capacity purchase agreements with American and United and a flight services agreement with DHL. The business has a presence in domestic hubs and cities, including Dallas, Houston, Phoenix, and Washington-Dulles.
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